On November 1, 2017, Splish Brothers Inc had the following account balances The company uses the perpetual inventory method Debit Credit Cash $7,920 Accumulated DepreciationEquipment $880 Accounts Receivable 1,971 Accounts Payable 2,992 Supplies 757 Unearned Service Revenue 3,520 Equipment 22,000 Salaries and Wages Payable 1,496 $32,648 Common Stock 17,600 Retained Earnings 6,160 $32,648 During November, the following summary transactions were completed Nov 8 Paid $3,124 for salaries due employees, of which $1,628 is for November and $1,496 is for October 10 Received $1,672 cash from customers in payment of account 11 Purchased merchandise on account from Dimas Discount Supply for $7,040, terms 2 10, n 30 12 Sold merchandise on account for $4,840, terms 2 10, n 30 The cost of the merchandise sold was $3,520 15 Received credit from Dimas Discount Supply for merchandise returned $264 19 Received collections in full, less discounts, from customers billed on sales of $4,840 on November 12 20 Paid Dimas Discount Supply in full, less discount 22 Received $2,024 cash for services performed in November 25 Purchased equipment on account $4,400 27 Purchased supplies on account $1,496 28 Paid creditors $2,640 of accounts payable due 29 Paid November rent $330 29 Paid salaries $1,144 29 Performed services on account and billed customers $616 for those services 29 Received $594 from customers for services to be performed in the future Adjustment data 1 Supplies on hand are valued at $1,408 2 Accrued salaries payable are $440 3 Depreciation for the month is $220 4 $572 of services related to the unearned service revenue has not been performed by month end Prepare a multiple step income statement for November SPLISH BROTHERS INC Income Statement For the Month Ended November 30, 2017 Sales Sales Revenue ' Sales Discounts Less Net Sales Service Revenue Total Revenues Less Cost of Goods Sold Gross Profit Expenses Depreciation Expense Supplies Expense Salaries and Wages Expense Rent Expense Total Expenses Net Income (Loss)

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On November 1, 2017, Splish Brothers Inc. had the following account balances. The company uses the perpetual inventory method. Debit Credit Cash $7,920 Accumulated DepreciationEquipment

On November 1, 2017, Splish Brothers Inc. had the following account balances. The company uses the perpetual inventory method.

	Debit		Credit
Cash	$7,920	Accumulated DepreciationEquipment	$880
Accounts Receivable	1,971	Accounts Payable	2,992
Supplies	757	Unearned Service Revenue	3,520
Equipment	22,000	Salaries and Wages Payable	1,496
	$32,648	Common Stock	17,600
		Retained Earnings	6,160
			$32,648

During November, the following summary transactions were completed.

Nov.	8	Paid $3,124 for salaries due employees, of which $1,628 is for November and $1,496 is for October.
	10	Received $1,672 cash from customers in payment of account.
	11	Purchased merchandise on account from Dimas Discount Supply for $7,040, terms 2/10, n/30.
	12	Sold merchandise on account for $4,840, terms 2/10, n/30. The cost of the merchandise sold was $3,520.
	15	Received credit from Dimas Discount Supply for merchandise returned $264.
	19	Received collections in full, less discounts, from customers billed on sales of $4,840 on November 12.
	20	Paid Dimas Discount Supply in full, less discount.
	22	Received $2,024 cash for services performed in November.
	25	Purchased equipment on account $4,400.
	27	Purchased supplies on account $1,496.
	28	Paid creditors $2,640 of accounts payable due.
	29	Paid November rent $330.
	29	Paid salaries $1,144.
	29	Performed services on account and billed customers $616 for those services.
	29	Received $594 from customers for services to be performed in the future.

Adjustment data:

1.		Supplies on hand are valued at $1,408.
2.		Accrued salaries payable are $440.
3.		Depreciation for the month is $220.
4.		$572 of services related to the unearned service revenue has not been performed by month-end.

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Prepare a multiple-step income statement for November. SPLISH BROTHERS INC. Income Statement For the Month Ended November 30, 2017 Sales Sales Revenue '. Sales Discounts Less Net Sales Service Revenue Total Revenues Less . Cost of Goods Sold Gross Profit Expenses Depreciation Expense Supplies Expense Salaries and Wages Expense Rent Expense Total Expenses Net Income / (Loss)